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When a Parent Owns Less Than 100% of a Subsidiary,the

Question 40

Multiple Choice

When a parent owns less than 100% of a subsidiary,the noncontrolling interest shareholders are allocated their ownership percentage of income or net assets in all of the following consolidating entries except for:


A) The basic investment account consolidation entry
B) The excess value (differential) reclassification entry
C) The accumulated depreciation consolidation entry
D) The amortized excess value reclassification entry

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